What term BEST describes a person that is selling a property to another person? (A) Mortgagor (B) Grantor (C) Mortgagee (D) Grantee

You are analyzing the acquisition of an apartment complex with the following operating data; 50 units rented at $1,600 per month, other income of $50,000, vacancy at 5% of the gross potential rent, operating expenses of $8,000 per unit and monthly mortgage payment of $30,000. If the equity investment is $2,000,000, what is the proforma return on equity?

(A) 7.25% (B) 25.25% (C) 10.10% (D) 9.25%